US EditionPublished • loading... • Updated
Shanghai sets economic and development goals for 2026
Shanghai targets 5% economic growth with R&D at 4.6% of GDP and plans 255 billion yuan infrastructure investment, aiming for global competitiveness by 2035.
- Gong Zheng, mayor of Shanghai, set a 2026 economic growth target of about 5 percent and projected R&D spending at about 4.6 percent of GDP on Feb. 3, 2026.
- The 15th Five-Year Plan draft states Shanghai emphasizes high-quality development, reform, people-centered urban construction, and modernized urban governance.
- This year the city will invest 255 billion yuan to start the south–north corridor and major rail works including the Shanghai‑Nantong railway, second phase, and the Shanghai‑Chongqing‑Chengdu high-speed railway, Shanghai section.
- Residents face income growth that will align with overall economic growth, while consumer price increases are forecast at about 2 percent this year.
- Looking toward 2035, the plan seeks to double per-capita GDP from 2020 levels and upgrade Shanghai into an international centre for economy, finance, trade, shipping and scientific and technological innovation.
Insights by Ground AI
20 Articles
20 Articles
Coverage Details
Total News Sources20
Leaning Left4Leaning Right1Center7Last UpdatedBias Distribution59% Center
Bias Distribution
- 59% of the sources are Center
59% Center
L 33%
C 59%
Factuality
To view factuality data please Upgrade to Premium
